USA Mega

Oregon Powerball Jackpot Annuity Payout Schedule for Sep 20, 2006

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $178,600,000 for a ticket purchased in Oregon, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Oregon

Drawing Date:Wed, Sep 20, 2006
Jackpot:$178,600,000
Federal Tax:37% marginal rate
State Tax: 9.9%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$3,184,456$1,134,206$315,261$1,734,989
2$3,311,834$1,181,336$327,872$1,802,627
3$3,444,307$1,230,351$340,986$1,872,970
4$3,582,080$1,281,327$354,626$1,946,127
5$3,725,363$1,334,341$368,811$2,022,210
6$3,874,377$1,389,477$383,563$2,101,337
7$4,029,352$1,446,818$398,906$2,183,629
8$4,190,526$1,506,452$414,862$2,269,212
9$4,358,148$1,568,472$431,457$2,358,219
10$4,532,473$1,632,972$448,715$2,450,786
11$4,713,772$1,700,053$466,663$2,547,056
12$4,902,323$1,769,817$485,330$2,647,176
13$5,098,416$1,842,371$504,743$2,751,302
14$5,302,353$1,917,828$524,933$2,859,592
15$5,514,447$1,996,303$545,930$2,972,214
16$5,735,025$2,077,916$567,767$3,089,341
17$5,964,426$2,162,795$590,478$3,211,153
18$6,203,003$2,251,068$614,097$3,337,837
19$6,451,123$2,342,873$638,661$3,469,589
20$6,709,168$2,438,349$664,208$3,606,611
21$6,977,535$2,537,645$690,776$3,749,114
22$7,256,636$2,640,913$718,407$3,897,316
23$7,546,901$2,748,311$747,143$4,051,447
24$7,848,777$2,860,005$777,029$4,211,744
25$8,162,729$2,976,167$808,110$4,378,452
26$8,489,238$3,096,975$840,435$4,551,828
27$8,828,807$3,222,616$874,052$4,732,139
28$9,181,960$3,353,282$909,014$4,919,663
29$9,549,238$3,489,175$945,375$5,114,688
30$9,931,207$3,630,504$983,190$5,317,514
Total$178,600,000$64,760,718$17,681,400$96,157,882

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.